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HSBC Personal Instalment Loan Balance Consolidation Program

Consolidate your other loans and credit card balances into a high loan amount of up to 21 times your monthly salary or HKD1.2 million (whichever is lower) without any handling fees


A single loan for your credit card and loan debt

Save yourself some hassle by consolidating debt from your credit cards and loans, and save some money with a personalised interest rate. 

Key benefits

Meet your financial needs

Take out a loan up to 21 times your monthly salary or HKD1,200,000 (whichever is lower)

Pay less interest

A consolidated loan with repayment period of 12 to 72 months helps to save interest expenses with a personalized interest rate

Apply without proof of income

You don't need proof of income if you've kept a payroll account with HSBC for the past month

Enjoy a preferential rate

Combine your credit card and loan balances into a Personal Instalment Loan Balance Consolidation Program and enjoy a preferential rate now.

How to save by consolidating debt

Here's an example of how you could save money by combining your debt into a single loan amount of HKD200,000 under our Balance Consolidation Program[@loans-repaymentexample].

Items Credit card bills totalling HKD200,000[@loans-calculatedannualinterestrate] Under our Balance Consolidation Program[@loans-calculatedmonthlyflatrate]
Average monthly repayment amount HKD7,881

HKD3,378

(-57%)

Repayment period 378 months

72 months

(-81%)

Total interest expense HKD331,986

HKD43,216

(-87%)

Here's an example of how you could save money by combining your debt into a single loan amount of HKD200,000 under our Balance Consolidation Program[@loans-repaymentexample].

Items Average monthly repayment amount
Credit card bills totalling HKD200,000[@loans-calculatedannualinterestrate] HKD7,881
Under our Balance Consolidation Program[@loans-calculatedmonthlyflatrate]

HKD3,378

(-57%)

Items Repayment period
Credit card bills totalling HKD200,000[@loans-calculatedannualinterestrate] 378 months
Under our Balance Consolidation Program[@loans-calculatedmonthlyflatrate]

72 months

(-81%)

Items Total interest expense
Credit card bills totalling HKD200,000[@loans-calculatedannualinterestrate] HKD331,986
Under our Balance Consolidation Program[@loans-calculatedmonthlyflatrate]

HKD43,216

(-87%)

What you need to know before you borrow

 
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Find a suitable lending product to match with your specific needs by answering a few simple questions

 

Read about the 5 things you should think about or double-check before you apply for a loan 

 

Be careful and watch out for these 6 things before you apply for a loan

Things you should know

Eligibility

To apply for the HSBC Personal Instalment Loan Balance Consolidation Program you must:

  • be a Hong Kong resident
  • be at least 18 years old
  • have a monthly income of at least HKD7,500

Apply now

Via online form

You can complete this online form to apply.

Over the phone

Call us on our 24/7 application hotline to get started.

(852) 2748 8080

Find out more

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Spare cash you can withdraw at any time, on your own schedule at 1.90% p.a. for your first 3 months, and at 1.91% APR[@loans-introrate] 

 

A government loan to help you out if you're unemployed during these tough times 

Notes

    • Please note that we do not appoint any third parties to refer Balance Consolidation Program applications to us and will not process any application that was referred by a third party under beneficial arrangement. For enquiry, please call our hotline at (852)2233 3000
    • To borrow or not to borrow? Borrow only if you can repay!